ALT Telecom (Thailand) Market Value
| ALT Stock | THB 1.08 0.01 0.93% |
| Symbol | ALT |
ALT Telecom 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ALT Telecom's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ALT Telecom.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in ALT Telecom on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding ALT Telecom Public or generate 0.0% return on investment in ALT Telecom over 720 days. ALT Telecom is related to or competes with Communication System, LH Hotel, Symphony Communication, Vibhavadi Medical, President Automobile, Techno Medical, and Bangkok Dusit. ALT Telecom Public Company Limited engages in the manufacture, installation, maintenance, rental, and sale of telecommun... More
ALT Telecom Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ALT Telecom's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ALT Telecom Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 2.4 |
ALT Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALT Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALT Telecom's standard deviation. In reality, there are many statistical measures that can use ALT Telecom historical prices to predict the future ALT Telecom's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.5199 |
ALT Telecom Public Backtested Returns
ALT Telecom Public secures Sharpe Ratio (or Efficiency) of -0.0954, which signifies that the company had a -0.0954% return per unit of risk over the last 3 months. ALT Telecom Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALT Telecom's risk adjusted performance of (0.05), and Mean Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ALT Telecom are expected to decrease at a much lower rate. During the bear market, ALT Telecom is likely to outperform the market. At this point, ALT Telecom Public has a negative expected return of -0.19%. Please make sure to confirm ALT Telecom's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if ALT Telecom Public performance from the past will be repeated at future time.
Auto-correlation | 0.83 |
Very good predictability
ALT Telecom Public has very good predictability. Overlapping area represents the amount of predictability between ALT Telecom time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ALT Telecom Public price movement. The serial correlation of 0.83 indicates that around 83.0% of current ALT Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ALT Telecom Public lagged returns against current returns
Autocorrelation, which is ALT Telecom stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ALT Telecom's stock expected returns. We can calculate the autocorrelation of ALT Telecom returns to help us make a trade decision. For example, suppose you find that ALT Telecom has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ALT Telecom regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ALT Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALT Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALT Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
ALT Telecom Lagged Returns
When evaluating ALT Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALT Telecom stock have on its future price. ALT Telecom autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ALT Telecom autocorrelation shows the relationship between ALT Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in ALT Telecom Public.
Regressed Prices |
| Timeline |
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ALT Telecom financial ratios help investors to determine whether ALT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ALT with respect to the benefits of owning ALT Telecom security.